CBA sells $US3bn of bonds

DataRoom: Issue comprises $US2bn of 3-year floating rate notes, $US1 billion of 5-year fixed rate notes.

Commonwealth Bank of Australia (CBA), the nation’s biggest bank by market value, sold $US3 billion of senior unsecured notes in the US market for the first time in a year.

This morning, Australian time, CBA sold $US2 billion of three-year floating rate notes at the three month US dollar London Interbank Offered Rate plus 50 basis points. That swaps to the equivalent of the Bank Bill Swap Rate plus 75 basis points.

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